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2 years ago

One key difference between an oligopoly market and a competitive market is that oligopolistic firms.

1 answer:

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A difference between an oligopolistic and a competitive firm is each firm's profits depend on other firms actions in oligopolistic markets while they do not in competitive markets.

<h3>What is a competitive firm?</h3>

A perfect competition is a market where there are many buyers and sellers of identical goods and services. Buyers and sellers are price takers.

<h3>What is an oligopolistic firm?</h3>

An Oligopoly is when there are few large firms operating in an industry. A cartel is a type of oligopoly where two or more producers come together to regulate either the price of their good or the quantity of their goods that would be supplied.

Here are the options to the question:

a) each firm's profits depend on other firms actions in oligopolistic markets while they do not in competitive markets.

b) oligopotisfic firms sell completely unrelated products while competitive firms do not.

c) oligopolistic firms sell their product at a price equal to marginal cost while competitive firms do not.

d) oligopolistic firms are price takers while competitive firms are not.

To learn more about oligopolies, please check: brainly.com/question/26130879

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A job specification is: a. a group of related activities and duties. b. a statement of the knowledge, skills, and abilities requ

PSYCHO15rus [73]

Answer:

a statement of the knowledge, skills, and abilities required of a person to perform a job.

Explanation:

A job specification is a written statement that describes btge educational qualifications, experience, technical skills, and communication skills required to perform a job. Also responsibilities that are required on a job are stated.

A job specification is different from a job description which is a set of different duties and responsibilities performed by one employee.

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4 years ago

When seeking a recommendation before awarding a contract, what type of information is least likely to be needed from an applican

leva [86]

Answer:

Answer is option D, i.e. Information on credit worthiness.

Explanation:

When any organization enters into a contract with an applicant, it often asks for recommendations before awarding that contract to the applicant. This recommendations is asked to assess about the skills, the abilities that the applicant possess, the integrity and the character of the applicant. This is to assess that whether the applicant is fit and worthy enough to be awarded the contract. Thus, credit worthiness is not accounted for while going through the recommendations. Therefore, the answer is option D.

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3 years ago

An online buying club requires an annual fee of $170 in order to qualify for a 19 percent discount on purchases. What amount wou

krek1111 [17]

Answer : The amount needed to spend to save $170 is, $32.3

Explanation :

As we are given that an online buying club requires an annual fee of $170 and a 19% discount on purchases.

Now we have to determine the amount needed to spend to save $170.

As, for every $100 the discount will be = $19

So, for every $170 the discount will be = $\frac{\$ 170}{\$ 100}\times \$ 19$

= $32.3

Thus, the amount needed to spend to save $170 is, $32.3

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3 years ago

You are asked to send out an important letter to your business associates in Japan, and it must be sent within the next 90 minut

alexandr1967 [171]

Answer:

The answer is "15 minutes"

Explanation:

I will approximately spend 15 minutes on prewriting once i have gathered the information needed.

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3 years ago

In many large U.S. cities, taxicab companies operate as near monopolies because of_____.

Naya [18.7K]

Answer: Option (b) is correct.

Explanation:

Correct Option: Licenses

In United States, there is a licensing system which prohibits the number of taxicabs allowed. So, there are less number of taxicabs companies operates in most of the united states cities.

There is a advantage for the taxicabs companies for using the monopoly power.

Whereas, some of the cities of U.S use 'taxi medallions" as the permits for picking up the passengers.

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4 years ago